money

Opinion: Money cannot buy credibility – A note to Sokoto politicians

by Usama Dandare If Money can buy the whole world, there is indeed one thing in it that no amount of money can buy, and that is credibility. The credibility of our democracy as a whole has been diminished by the role money plays, although politics all over the world needs money, but its influence... Read More

Ahmed Aliyu, Aliyu Wamakko, Aminu Tambuwal, credibility, money, Sokoto

Nigerian Stock Market: Investors lose ‘N46bn in a few hours’

The ripple effects of the new foreign exchange regime started by the Central Bank of Nigeria (CBN) today has already spread to the Nigerian Stock Exchange (NSE) market. Stocks have taken a slump following the uncertainties surrounding the true position of the naira against other currencies in the Nigerian interbank market. Following the announcement of the... Read More

dollars, economy, money, naira, nigeria, Nse, stock

Opinion: The impact of the new monetary policy

By SBM Intelligence Two days ago, the Central Bank of Nigeria announced that it would be adopting a flexible exchange rate policy in the management of foreign exchange (FX). The guidelines to the new policy, dated 15th June, 2016, spelled out how the new policy would operate. The key highlights of the policy are listed... Read More

central bank of Nigeria, economy, Financial Market Dealers Association (FMDA), Foreign Exchange Market, money, new monetary policy, nigeria

Kalu Aja: How best to budget (Y! Naira&Kobo)

So last week we learned about how to calculate out networth, i.e. what we are worth when we subtract our assets from our liabilities. This could be a negative of a positive, figure, a negative figure shows we owe more than we own, this is not always a bad thing. If we are younger and... Read More

budget, economy, investment, money, naira&kobo, nigeria

Opinion: FG’s tubers of yam and 4 other things

By Simon Kolawole The naira has just been effectively devalued — so why are some people jubilating? The way economists, financial experts, bankers and analysts were celebrating on Wednesday would make you think crude oil price had just hit $120 per barrel and Nigeria’s production level has risen to 2.5mbpd. But no. The CBN had... Read More

Buhari, CBN, dollars, economy, Emefiele, money, naira, simon kolawole

It’s not compulsory for states to join National Feeding Programme – Presidency

The Presidency, on Tuesday, said that state governments are not mandated to key into the National Home-grown School Feeding programme. This was made known in a statement released by the Senior Special Assistant to the Vice-President on Media and Publicity, Laolu Akande. It comes on the heels of a recent statement made by the Ekiti... Read More

Akande, Ayo Fyaose, Feeding programe, money, Osinbajo, Presidency, states, vp

Chibok parents yet to receive N30m donation from Aisha Buhari

Advocates of the missing Chibok girls are not being accountable to the parents of the girls as some people are said to be making money off them, parents of the missing girls have alleged. According to Punch, who spoke to some of the parents, they are yet to receive the N30 million donation pledged to... Read More

Featured, The News Blog

Advocates, Borno State, Buhari, chibok, donation, Girls, missing, money, Osinbajo, parents

Monthly allocation: Lagos received N178bn while Ekiti got N50bn in one year (Full List)

In the last one year, the thirty-six states and 774 local government councils in Nigeria shared N2.8 trillion from the federation account. The two tiers of government received the payment between June 2015 and May 2016 at the monthly meeting of the Federation Account Allocation Committee (FAAC). Lagos state received a total of N178 billion,... Read More

Featured, The News Blog

Allocation, billion, FACC, FG, LGA, money, population, states

Opinion: Defining the change Nigerians want

by Bryan Jetem Obaji Change for many people could mean different things whether positive or negative, depending on the way an individual sees it or is willing to relate with it. In the political calculations of most Nigerians, when they try to define the ‘change’ in the slogan of the ruling party, they see the word... Read More

Accountant, accounts, APC, Buhari, Change, money, naira, opinion

‘Was I so poor before becoming governor?’ | Saraki tackles Sahara Reporters

Online news portal, Sahara Reporters, earlier on Sunday, reported that N300 million was stolen from the bedroom of Senate President Bukola Saraki and that his accountant and aide were arrested by the Nigerian Police. Sahara Reporters had tweeted: ₦300million Goes Missing From Senate President Saraki's Bedroom, Police Arrest Aides And Accountant | Sahara https://t.co/HIHghKq05g —... Read More

Accountant, bedroom, money, N300 million, SaharaReporters, Saraki

Fraudsters requesting money for release of Chibok girls – Buhari

President Muhammadu Buhari has revealed that some fraudulent persons have been requesting for money from the Federal Government – to negotiate the release of the abducted Chibok girls. While stressing that he wouldn’t fall for the whims of the fraudsters, the President said the rescue and safe return of the remaining Chibok girls still remains... Read More

Chibok girls, Femi Adesina, fraudsters, money, negotiate, president buhari

‘There is no money to run government’ -Amaechi

The Minister of Transportation, Rotimi Amaechi, on Tuesday said that Nigerians are more interested in having money in thier pockets rather than the structural changes the Buhari administration is aiming to build. The minister said this while speaking in Abuja at a forum organised by News Agency of Ngeria (NAN). While pleading with Nigerians to... Read More

Featured, The News Blog

Amaechi, APC, FG, impatient, Minister, money, nigerians, transport

Morning Devotion: Eko No-show for Buhari, more missing money by NNPC, and Governor Fayose has had it with herdsmen

This morning, Joachim talks about Buhari’s cancellation of planned trip to Lagos, the missing money by EFCC and Gov. Fayose’s new hatred for Fulani herdsmen. Take a listen. https://soundcloud.com/ynaijaonline/podcast-for-may-24th

EFCC, Gov Fayose, joachim macebong, LAgos trip, money, morning devotion, president buhari

N45m in compensation for family of electrocuted UNILAG student

Oluchi Anekwe was the 300-level student of Accounting in the University of Lagos, who was electrocuted by a live wire on the school premises. New development on the case reveals that the family of the deceased has been paid N45m as compensation. According to reports, the money was paid after the Eko Electricity Distribution Company reached... Read More

compensation, electrocuted, FAMILY, Girl, money, Oluchi Anekwe, UNILAG

Someone is stealing Davido’s money

We know it’s really none of your business, but spare some humanity: someone has been stealing from dollar-millionaire singer, Davido. The HKN star hinted at this in a picture via snapchat which read, “Oh Lord keep mye calm, they stealing my money now”. “They” need to stop this. We need Davido focused only on that... Read More

celebrity, entertainment, HKN, money, Music

NYSC has ‘no money’ to mobilise corps members to camps

Thousands of prospective corps members gearing to begin their 3-week orientation camp on Friday,‎ May 20, will have to wait a little longer. Reason being that the National Youth Service Corp is cash strapped and as such, unableto mobilise the corp members as scheduled. The Director General of the NYSC, Brigadier General Sulyman Kazaure revealed this on... Read More

Batch A, Campaign funds, money, nysc, Orientation camp, youth corp members, youth corpers

US to return $350 million to Nigeria

The US Secretary of State, John Kerry, has restated the commitment of the US government to return at least $350m stolen from Nigeria and stashed in the USA. Kerry stated this during the Anti-corruption Summit Plenary at Lancaster House London, United Kingdom. “This money goes somewhere, folks,” he said. “When I read that tens of... Read More

Buhari, Kerry, money, obama, return, stolen, USA

Power-pose: Davido and his father take one for the cameras

You have to be fascinated when there is so much affluence and influence in one photo Davido and his billionaire dad, Dr. Deji Adeleke posed for a photo which the HKN star shared on Instagram. https://www.instagram.com/p/BFToqhCqUO_/?taken-by=davidoofficial While O.B.O rocked a blue Agbada, Adeleke Snr. opted for a grey one as they prepared to head out for a... Read More

Adeleke Snr., Davido, Dr Deji Adeleke, HKN, money, Photo, wedding

The CBN just issued a circular – and it tells ATM users what they already know

The Central Bank of Nigeria has issued a circular in regards to the use of Automated Teller Machines across the country. In a 48-paged document, the CBN stated the guidelines for the operation of the ATMs across the country. But the document doesn’t really tell you anything groundbreaking. This for example: The Standards – Standards... Read More

atm, banks, CBN, money, nigeria

More banks linked with Diezani’s $115 million to be investigated

The Central Bank of Nigeria has started investigating the banks indicted in the $115 million scandal anchored on former minister of petroleum, Allison Diezani. A statement by the Acting Director of Corporate Communications, Department of CBN, Isaac Okorafor, revealed that the apex bank informed all customers of banks, stakeholders, and the general public that it is... Read More

Featured, The News Blog

central bank, corruption, diezani, money, scandal

Nigeria has ‘over N2.7trn in Treasury Single Account’

Federal government workers across the nation can hope to receive their monthly salaries early enough – due to a directive from President Muhammadu Buhari to the Office of the Accountant-General of the Federation. A statement released by the deputy director of the OAGF, Kene. N. Offie, on Thursday, April 21, indicated that the federal government... Read More

economy, Federal Government, hardship, ministries, money, nigeria, salary, Treasury single account

#PanamaPapers: Dangote, Dantata linked to ’13 shell companies’

Africa’s richest man has been linked to Mossack Fonseca, the law firm at the center of the massive Panama Papers leak. Panama-based law firm, Mossack Fonseca helped prominent global figures stash away billions of dollars in secret offshore accounts. According to the leaked papers, Dangote and his half brother, Sayyu Dantata as well as some... Read More

Dangote, fruad, leak, money, Panama Papers

‘Garba Shehu is using Boko Haram to score cheap political points’

Presidential spokesperson, Garba Shehu has been asked to focus his media propaganda on the unpleasant economic situation and general hardship the people of Nigeria are suffering rather than trying to interfere and influence the conduct of the judiciary with his unguarded statements. The president of the Citizens Watch Nigeria, Omoba Aigbegbele on Monday, April 4,... Read More

alex, Badeh, boko haram, dasuki, funds, Garba Shehu, money, presiency

Lagos, Akwa Ibom, Rivers emerge big spenders in 2016 budget (Full List)

Lagos and Akwa Ibom states are set to be the highest spenders among Nigerian states in 2016, according to the budgets recently passed by the respective legislative arms of the 36 states. Lagos has a total budget of N662.5 billion while Akwa Ibom follows closely with N426 billion. Other high spending states are Rivers with... Read More

36 states, budget, lagos state, money

Lara Kudayisi-Emeralds: The 5 things that can make your relationship fail

With all due respect to the Legend “Diana Ross”, Love isn’t all that matters according to her song. It is easier to conclude that Love is all that matters when you are not in a relationship or marriage yet. Your story would probably change when you are in love but you are confronted with a... Read More

5 Things, Love, Match making, money, relationship

Federal Allocation to Osun state can’t even pay electricity bills [DETAILS]

Osun state might just be facing its hardest financial month ever with the total Federal Allocation accrued to the state just a tad above N6 million. According to the document released by the office of the Accountant-General detailing the disbursement of Federal Allocations to states across the nation, Osun is to receive a total of... Read More

Allocation, masses, money, N6.23 million, Osun State

Osinbajo, Buhari’s travel plans clash; costs Nigeria $250,000

In this harsh economic climate, Nigeria has reportedly lost about $250,000 due to the last minute cancellation of Vice President Yemi Osinbajo’s proposed trip to India because of the incompetence of the Protocol Department of the Presidency. Osinbajo had to cancel his trip to India, because the President, Muhammadu Buhari would also jet out of the country... Read More

Buhari, dollars, India, money, Osinbajo, state visit

$321m Abacha loot to be returned to Nigeria

A delegation led by the Switzerland Minister of Foreign Affairs, Didier Burkhalter, are expected to have a meeting with Vice-President Yemi Osinbaj and the Nigerian Minister on Foreign AFfairs, Geoffrey Onyeama, on Tuesday. According to Premium Times, the meeting would be centered on how to repatriate another $321 million looted by late Military Head of... Read More

abacha, loot, money, nigeria, return, Swiss

Opinion: Nigerians apathy and the result of ‘No Banking Day’

In September 2003, the National Association of Telecommunication Subscribers (NATCOM) and the Consumer Rights Project (CRP) spearheaded a campaign for Nigerians to switch off their mobile telephones in protest of the high tariffs charged by the two dominant networks back then – MTN and ECONET. The protest was as a result of the delay in... Read More

banks, Cafon, CBN, charges, money, nigeria

February 16, 2016

Northern governors to Shehu Sani: ‘You’re ignorant of the loan issue’

The Northern Governors have labeled the reaction of the Vice Chairman, Senate committee on Foreign and Domestic Debts, Senator Shehu Sani to the plan by the governors to get loans from Islamic Development Bank in Jedda- as ‘purely based on lack of the slightest knowledge about the issue.’ Sani had declared that the efforts of the Northern... Read More

economy, money, naira, Northern Governors

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